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20121121
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now, 30 years. dick durbin, wanted that. i will sign onto that, a democrat. we don't have the time. we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these people have no appreciation for their responsibilities. either to themselves, their constituents or to the country. megyn: lou dobbs, always interesting talk
back. that was senator dick durbin of illinois who voted for the simpson/bowles plan and today he served on the commission and voted for the proposal. i'll say it again and again even though it includes significant entitlement cuts and he as a democrat doesn't like that. the upcoming december 31st deadline, the so-called cliff, anything from that fiscal cliff to that fiscal slope. liberals are saying to that austerity bomb that progressive people don't like at all. former senator alan simpson proposed a plan to get the united states financial house in order that some say was our best shot at solvency. and avoiding the mess that awaits us come december 31st. senator simpson, it's always an honor. politics, i know you understand the irony of politics, it makes strange bedfellows. i want to try something by you. the president wants a deal. the president would obviously like to include something on revenues. the conservatives may not want to go along with that. but if it will include something on revenues. the best push is coming from people i don't normally side with like tom donohue
on the table. they don't want to raise tax rates. democrats are saying like dick durbin on abc this week says let's put everything on the table including entitlement reform but then in the next moment dick durbin says he doesn't want to change medicare. take a listen. >> we have got to make sure that there is seemless coverage of affordable health insurance for every american. my concern about raising that medicare retirement age is there will be gaps in coverage. this has been the problem so far. republicans don't want to give in on taxes they say they will will, they will make some concessions but they haven't yet. democrats say they are willing to work and make concessions on entitlement reform but sketchy on the details. both sides know what they need to do to find common ground but they haven't done it yet. >> ed henry at the white house. thanks. president obama has chosen a new head of the securities and exchange regulation. who heads wall street. her name is elise walter. she has been a member of the commission since president george w. bush appointed her in 2008. she is set now to rep
things to be noted. dick durbin gave the encouraging quote. everything should be on the table. we have to get ourselves out of i had to read it three times because he is number two ranking democrat. and i read behind the scenes, it is a disaster in terms of negotiations moving forward . the word they are using is pathetic about the lack of progress. >> steve: logger heads. >> gretchen: which is what i am talking about. this is the quote that steve hayes brought up on the special report on fox news. when president obama was first elected he talked about how to bring down the deficit and campaign promise to cut it in half and he would do it by focusing on entitlement reform. >> steve: there is the national debt right now. >> gretchen: why doesn't he bring the people to the table and say dick dishin. let's put it all on the table and let's talk about them instead of going out on air force one and getting people to use twitter >> chris: the american society of pensional they have a warning called. if congress does change yourr tax rate, there is a possibility that you might have big change
are giving lip service to reforming some of our entitlements like medicare. senator dick durbin was on abc and suggested that. the minute you push for specifics, raising the retirement age on medicare, he starts to flounder. i don't know we're moving towards any kind of deal yet. on politics, simplicity sells. a tax pledge is very simple. it communicates with your voters directly. here's the deal. republicans want low taxes for two reasons. they believe it's better for economic growth. we lost the election. we're going to lose that battle. also because they believe it will force spending restraints. i'm not sure that's true. voters need to feel the consequences of your decisions. if you choose higher spending you might just have to pay for it with higher taxes. sooner or later that burden might have to be the spending restraints. >> i think voters are already feeling the consequences, though, aren't they, jason? >> yeah. voters are already feeling the consequences. i also think the voters said something in 2012. look, we are tired of rigidity in washington. tired of people holding on to 20
everything on the table. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final note, the president was out shopping on saturday and when asked by a pool reporter if that was his part to avoid the so-called fiscal cliff, the president said, come on, guys, we're just christmas shopping here. that's it from the white house. talks expected to continue this week. back to you. >> steve: let the games begin. douglas, thank you. >> gretchen: now to the rest of today's headlines, brand-new evidence that could have changed the outcome of the casey anthony murder trial. police in florida now admitting that they missed a google search done by someone in the anthony household. the search seems kind obvious. it was for the words, foolproof suffocation. the search done the same day two-year-old caylee anthony was last seen live. the mom acquitted of her daughter's murder, even her defense attorney says he was shocked this never came up in court. >> steve: meanwhile, it's like
are testing them once again. >> you have a lot of destabilizing political news. you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depen
Search Results 0 to 8 of about 9 (some duplicates have been removed)

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